OneMain (NYSE:OMF) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of OneMain (NYSE:OMF) in a research report sent to investors on Wednesday morning, Benzinga reports. Royal Bank of Canada currently has a $58.00 price objective on the financial services provider’s stock.

OMF has been the topic of a number of other research reports. JPMorgan Chase & Co. reduced their target price on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Northland Securities raised their price objective on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of OneMain in a research report on Monday, October 14th. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

OneMain Trading Down 0.3 %

Shares of OMF stock opened at $47.63 on Wednesday. OneMain has a twelve month low of $35.00 and a twelve month high of $54.94. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.87 and a beta of 1.56. The company’s 50-day moving average price is $46.88 and its 200-day moving average price is $48.38.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same quarter in the prior year, the company posted $1.01 EPS. As a group, equities research analysts predict that OneMain will post 4.91 EPS for the current year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.73%. The ex-dividend date was Monday, August 12th. OneMain’s payout ratio is currently 81.09%.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 1,614 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $50.00, for a total value of $80,700.00. Following the sale, the chief operating officer now owns 110,411 shares of the company’s stock, valued at $5,520,550. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the completion of the sale, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Micah R. Conrad sold 1,614 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total value of $80,700.00. Following the completion of the transaction, the chief operating officer now directly owns 110,411 shares in the company, valued at $5,520,550. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,300 shares of company stock valued at $1,534,275 in the last three months. 0.45% of the stock is owned by corporate insiders.

Institutional Trading of OneMain

A number of institutional investors have recently bought and sold shares of the business. Capital International Investors raised its position in shares of OneMain by 10.2% during the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock worth $488,937,000 after acquiring an additional 889,387 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of OneMain by 64.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock worth $96,561,000 after buying an additional 743,034 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of OneMain by 7,566.2% during the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock worth $34,824,000 after buying an additional 708,804 shares during the last quarter. Argent Capital Management LLC boosted its holdings in shares of OneMain by 608.1% in the 1st quarter. Argent Capital Management LLC now owns 503,613 shares of the financial services provider’s stock valued at $25,730,000 after buying an additional 432,492 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of OneMain by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after buying an additional 373,900 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

About OneMain

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.